Cyprus: Headphone Market Overview 2019

Headphone Market Size in Cyprus

The revenue of the headphone market in Cyprus amounted to $X in 2017, going up by X% against the previous year. In general, headphone consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when the market value increased by X% y-o-y. Cyprus headphone consumption peaked in 2017, and is expected to retain its growth in the near future.

Headphone Production in Cyprus

In value terms, headphone production totaled $X in 2017 estimated in export prices. Over the period under review, headphone production continues to indicate a relatively flat trend pattern.

Headphone Exports

Exports from Cyprus

In 2017, the amount of headphones exported from Cyprus totaled X units, surging by X% against the previous year. In general, headphone exports, however, continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, headphone exports reached their maximum at X units in 2012; however, from 2013 to 2017, exports stood at a somewhat lower figure.

In value terms, headphone exports totaled $X in 2017. In general, headphone exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016, when exports increased by X% y-o-y. Cyprus exports peaked in 2017, and are expected to retain its growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of around X units, which finished at X% of total exports. China, Hong Kong SAR (X units) ranks second in terms of the total exports with a X% share, followed by Viet Nam (X%).

From 2007 to 2017, average annual rates of growth with regard to headphone exports from China stood at -X%. At the same time, Viet Nam (+X%) and China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. While the share of China (X%) increased significantly in terms of the global exports from 2007-2017, the share of Viet Nam (-X%) and China, Hong Kong SAR (-X%) displayed negative dynamics.

In value terms, China ($X), China, Hong Kong SAR ($X) and Viet Nam ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Viet Nam experienced the highest growth rate of exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the headphone export price in Cyprus amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the headphone export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016, when the export price increased by X% y-o-y. Cyprus export price peaked at $X per unit in 2010; however, from 2011 to 2017, export prices remained at a lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Viet Nam ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China, while the other leaders experienced a decline in the export price figures.

Headphone Imports

Imports into Cyprus

In 2017, approx. X units of headphones were imported into Cyprus; waning by -X% against the previous year. In general, headphone imports continue to indicate a dramatic decline. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. In that year, headphone imports attained their peak of X units. From 2014 to 2017, the growth of headphone imports remained at a somewhat lower figure.

In value terms, headphone imports stood at $X in 2017. Overall, headphone imports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2017, with an increase of X% year-to-year. In that year, headphone imports reached their peak , and are likely to continue its growth in the immediate term.

Imports by Country

The imports of the three major importers of headphones, namely India, the U.S. and China, Hong Kong SAR, represented more than half of total import. It was distantly followed by Brazil (X units) and China (X units), together making up X% share of total imports. The following importers - Russia (X units), Singapore (X units) and Argentina (X units) - together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest headphone importing markets into Cyprus were China, Hong Kong SAR ($X), China ($X) and the U.S. ($X), together comprising X% of total imports.

China experienced the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the headphone import price in Cyprus amounted to $X per unit, picking up by X% against the previous year. In general, the headphone import price continues to indicate an outstanding growth. The growth pace was the most rapid in 2017, when the import price increased by X% year-to-year. In that year, the import prices for headphones reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, while the other leaders experienced more modest paces of growth.

• Prodcom 26404270 - Headphones and earphones, even with microphone, and sets consisting of microphone and one or more loudspeakers (excluding airmen

This report provides an in-depth analysis of the headphone market in Cyprus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage:

• Cyprus

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Cyprus

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.